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Article

19 Jul 2012

Author:
Rights & Accountability in Development (RAID)

[PDF] The London Stock Exchange – A haven for laundered conflict assets?

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In a report...Asset laundering and AIM: Congo, corporate misconduct and the market value of human rights,...Rights and Accountability in Development (RAID) catalogues the inadequacies of the London Stock Exchange’s regulatory framework. The Central African Mining and Exploration Company plc (CAMEC) was allowed to trade and flourish on London’s junior Alternative Investment Market (AIM) despite its close links to Robert Mugabe’s ZANU PF party (Zimbabwe)...“AIM’s lack of transparency means there is a black hole at the heart of its regulatory system”, said Tricia Feeney, RAID’s Executive Director..."London appears to be playing host to a number of companies that flagrantly flout the UK’s wider commitment to business and human rights", commented Lisa Nandy MP, Chair of the All Party Parliamentary Group on International Corporate Responsibility...

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